(a) Council hereby approves the implementation of a five percent (5%) fee on the gross revenue of a Video Service Provider, now providing services within the City of Wyoming if such provider elects to opt out of its current franchise agreement or to a new Video Service Provider who shall provide video services within the City of Wyoming and such fee shall be calculated based on the Gross Revenue of the Video Service Provider as set forth in the Ohio Revised Code governing such payments and which fee shall include all advertising revenue generated by the Video Service Provider within the City of Wyoming.
(b) The City Manager is hereby authorized and empowered to notify any Video Service Provider set forth in subsection (a) above that in the event that the City receives notice from any such Video Service Provider under Ohio Revised Code Section 1332.27, that the City Manager is authorized to notify such Video Service Provider of the City of Wyoming’s imposition of a five percent (5%) fee on the gross revenue of the Video Service Provider including advertising revenue which is generated through the provision of video services to the residents of the City of Wyoming. (Ord. 25-2007. Passed 9-17-07.)
CODIFIED ORDINANCES OF WYOMING